NEW YORK (Standard&Poor's) Oct. 26, 2005--Boeing Co. (A/Stable/A-1) reported net income from continuing operations of $1,011 million for the third quarter ended Sept. 30, 2005, compared with $456 million for the same period in 2004. Standard&Poor's Ratings Services said Boeing's results do not affect its ratings or outlook on the company. An income tax refund and a gain on the sale of the Rocketdyne unit, offset partly by the cost of a month-long strike at the commercial airplanes segment (21 fewer deliveries) and other items, increased the 2005 period profit by $450 million-$500 million. The integrated defense systems segment had another solid quarter, with operating margin (after D&A) around 10% (excluding the Rocketdyne gain), despite lower
